Insider Selling: Photronics (NASDAQ:PLAB) Director Sells 20,000 Shares of Stock

Photronics, Inc. (NASDAQ:PLAB) Director Kang Jyh Lee sold 20,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $36.45, for a total transaction of $729,000.00. Following the completion of the transaction, the director owned 493,350 shares in the company, valued at approximately $17,982,607.50. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kang Jyh Lee also recently made the following trade(s):

• On Friday, December 12th, Kang Jyh Lee sold 20,000 shares of Photronics stock. The stock was sold at an average price of $38.53, for a total transaction of $770,600.00.
• On Monday, October 6th, Kang Jyh Lee sold 10,000 shares of Photronics stock. The shares were sold at an average price of $25.33, for a total transaction of $253,300.00.

Photronics Stock Performance

Shares of PLAB traded down $2.39 on Tuesday, hitting $34.36. 1,894,026 shares of the stock traded hands, compared to its average volume of 775,029. Photronics, Inc. has a one year low of $16.46 and a one year high of $39.80. The company has a market capitalization of $2.03 billion, a PE ratio of 15.00 and a beta of 1.54. The business has a 50 day simple moving average of $24.39 and a 200 day simple moving average of $22.10.

Photronics (NASDAQ:PLAB) last issued its earnings results on Wednesday, December 10th. The semiconductor company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.47 by $0.13. Photronics had a return on equity of 7.87% and a net margin of 16.06%.The business had revenue of $215.77 million for the quarter, compared to the consensus estimate of $204.54 million. During the same period last year, the business posted $0.59 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. Photronics has set its Q1 2026 guidance at 0.510-0.590 EPS. On average, equities analysts expect that Photronics, Inc. will post 2.3 earnings per share for the current year.

Analysts Set New Price Targets

PLAB has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Photronics from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Wall Street Zen upgraded shares of Photronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Craig Hallum lifted their target price on shares of Photronics from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Singular Research raised Photronics to a “strong-buy” rating in a report on Thursday, September 4th. Finally, DA Davidson raised their price target on Photronics from $30.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Photronics presently has an average rating of “Moderate Buy” and a consensus price target of $43.50.

Institutional Trading of Photronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Photronics by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 5,907,219 shares of the semiconductor company’s stock worth $122,634,000 after acquiring an additional 38,330 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Photronics by 0.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,012,744 shares of the semiconductor company’s stock worth $21,025,000 after purchasing an additional 5,162 shares during the period. Invesco Ltd. lifted its position in Photronics by 12.1% during the first quarter. Invesco Ltd. now owns 1,258,714 shares of the semiconductor company’s stock valued at $26,131,000 after purchasing an additional 135,859 shares in the last quarter. Nuveen LLC purchased a new position in Photronics during the first quarter valued at $3,462,000. Finally, Public Sector Pension Investment Board grew its holdings in Photronics by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 200,835 shares of the semiconductor company’s stock valued at $4,169,000 after purchasing an additional 43,029 shares during the period. 88.38% of the stock is owned by hedge funds and other institutional investors.

Photronics Company Profile

Photronics, Inc, together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates.